Dean Germano, CEO, Shasta Community Health Center, Redding, California
It has helped us to build two major expansion of primary care services to our medically underserved communities of Anderson and Redding, CA. We could not have done it without this help.
Andis Dimants, Managing Broker, RealtyMetrix, Chicago, Illinois
[The NMTC] allows underserved communities to secure the financial support needed for economic and community development projects.
Michael D. Lee, President/CEO, Weeks Medical Center, Lancaster, New Hampshire
It allowed us to build a rural health care center in an area needed. We will improve the quality and life of patients in Coos County. If the funding would not have been available, the project would not have happened.
Darrin Casper, Deputy Mayor/CFO, Salt Lake County, Utah
Investments made in our lowest income communities’ assist with economic development and have been extremely helpful.
Adrienne White, VP Strategy, Citizens Trust Bank, Atlanta, Georgia
In volunteer capacities, I’ve been the position to help manage the financial aspects of projects that provided educational benefit & jobs to the community. These projects would not have been possible in the same time frame without NMTC funding.
David Snedeker, Executive Director, Northeastern Vermont Development Association, St. Johnsbury
In the many low-income communities of our rural 3-county region of Vermont, the NMTC program is essential for any large economic development projects. The program is able to bring capital to projects that would otherwise not be available.
Joshua Lavrinc, CEO, Grow Community Development Capital LLC, Pittsburgh, PA
In rust belt cities like Pittsburgh, and especially in low-income communities served by the NMTC program, there is often a gap in financial feasibility – whether for commercial projects that create important jobs or non-profit projects that deliver vital services – that can only be filled by a subsidy like the NMTC.
Joseph Flynn, SVP Community Development, WesBanco CDC, Wheeling, WV
In addition to other areas in our service area, NMTC enables us to bring much-needed capital at favorable interest rate to small businesses in highly distressed, underserved, and rural areas.
Natasha Rice, Chief Administrative Officer, Boys & Girls Clubs of Metro Atlanta, Inc., Georgia
In 2018, Boys & Girls Clubs of Metro Atlanta, Inc. began construction on the first-ever arts and innovation-focused Club in the nation. As a major investment for kids in Atlanta’s West End, the new Club has been an opportunity for economically disadvantaged kids to learn critical skills, find and nurture their passion, and showcase and […]
Madeleine Steczynski, Founder & Executive Director, Zumix, East Boston, Massachusetts
In 2009, we utilized New Market Tax Credits to purchase and renovate a long-abandoned city-owned fire station, transforming it into a state of the art creative youth development center. We employ over 50 artists, engineers and administrators, who serve close to 1,000 young people per year – dramatically improving their life trajectories. We are celebrating […]
Michelle Morlan, Principal, Lotus Development Partners LLC, Seattle, Washington
I have worked on more than 70 community projects for which this tool was critical to move them forward. From integrated healthcare facilities serving homeless adults to rural healthcare projects to early childhood education centers in public housing developments, the far reaching impact of the program is well documented. Preserving and extending this resource to […]
Michelle Seychel, Manager, Pine Lake Apartments, Waterford, Michigan
I have been managing LIHTC communities for the past 4 years. I have seen this program help so many low-income families get back on their feet. Not every family can afford to pay top dollar for rent, nor can they afford high move-in costs. The lower yearly rental increases help families stay in their homes […]
Lori Wright, CEO, Southwest Utah Community Health Center, St George
I am working on a capital project and with NMTC I will be able to safeguard funds that allow me to provide ongoing operational services for individuals facing a variety of barriers to care. NMTC are a critical piece in the ability of Health Centers to grow and thus serve more US residents facing barriers […]
Rachel Bridenstine, Managing Director, Development Fund of the Western Reserve, Akron, Ohio
For our Northeast Ohio communities, NMTC has meant access to healthcare that wouldn’t otherwise be there; the ability for parents to be with their sick child every day rather than just when they can find a way to get to the hospital; accessible jobs in non-metro areas; and training for the welding trade to give […]
Christine Chu, Controller, Habitat for Humanity EBSV, Oakland, California
Due to the NMTC deals, we are able to build affordable homes in our community for home-ownership which in turn builds more opportunities and stable communities for all involved.
Jill Steen, Corporation for Supportive Housing, New York, NY
CSH has received five NMTC allocations totaling $235 M in credit allocations to finance 16 projects and counting that serve low-income, high-health need individuals that are homeless or at risk of homelessness. These projects include: 1) community health centers, 2) projects that offer supportive services including social, healthcare, educational, food security and/or workforce development programs; […]
Brenda Battey, CFO, Broadway Federal Bank, Los Angeles, California
Critically important to spur business opportunities in lower income communities in and around the City of Los Angeles.
Jennifer Bransfield, COO and General Counsel, Chicago Neighborhood Initiatives
CNI serves neighborhoods on Chicago’s South Side. We have leveraged over $350 million in new industrial, retail, and recreational development in a single census tract in Pullman through the New Markets Tax Credits program. Since the first NMTC investment in 2013, violent crime in the neighborhood has dropped 52% and jobs in the community have […]
Ginger Young, CEO, The Childhood League Center, Columbus, Ohio
But for the NMTC’s, we would have not been able to build a larger facility to serve MORE very young children with developmental delays in our community
Mari Kuraishi, President, The Jessie Ball duPont Fund, Jacksonville, Florida
But for the NMTC, we would not have been able to make a multimillion dollar investment in downtown Jacksonville. We were one of the only landlords to embark on adaptive reuse at the time in downtown. I do believe that in the next several years we will see if it was successful in catalyzing more […]
Roberto Franco, Director of Economic Development, Ysleta Del Sur Pueblo, El Paso, Texas
Being able to leverage our resources to build community facilities like a medical clinic, we so badly need. Being able to afford NMTC financing vs. very expensive conventional financing is what the Pueblo needs. We support NMTC financing.
Robert Elliott, CFO, Monadnock Economic Development Corp, Keene, New Hampshire
Because we leverage NMTC funds with Community Development Block Grant Funds and a State Community Development Improvement Program the power of the NMTC funds positively affecting employment at all levels is enhanced tremendously
David McGirr, CEO, Greater Huron Development Corporation, Huron, South Dakota
As the former Mayor of Huron, and current Economic Development Director, I can speak directly to the impact that the NMTC program has had in Huron. NMTC funding was a critical component of the funding package for Central Park, a brownfield redevelopment project in the heart of Huron. This project had been languishing for years […]
Tony Gibbons, Executive Director, Loudon County Habitat, Lenoir City, Tennessee
As a small rural community that also has a growing and “urbanizing” community the New Market Tax Credit program opened up capital to invest in affordable housing when other sources were either unattainable or depleted. It is a creative mechanism for allowing nonprofits to utilize tax credits to benefit their local communities. Without this opportunity, […]
Charlotte Tollefson, Administrator, Woodlawn Community Academy, Clearwater, Florida
As a private school that offers individualized education to many special needs students, these dollars allowed us to grow our school so that we could meet the needs of many more handicapped students.
Sam Walls III, President, Arkansas Capital and Heartland Renaissance Fund, Little Rock
As a predominantly rural state, the NMTC has absolutely been the key piece in putting together capital stacks for projects in underserved areas. There is no substitute mechanism/tool that could replace the NMTC is the work that we do.
Patricia Rock, Princpal, BlueSuite Solutions, Inc., New York, NY
As a Community Development professional with over 20 years as a Bank CRA Officer, I’ve witnessed the positive impact that the NMTC program has had since its inception, revitalizing the low-income communities which I serve, by permitting individual and corporate investors to receive a tax credit’s against their federal income tax in exchange for making […]
Wayne Meyer, President, Community Loan Fund Of New Jersey, Inc, New Brunswick
As a Community Development Finance Institution, we use federal funding through the CDFI Fund’s competitive award programs to leverage private capital and finance high-impact projects in communities where need is greatest but mainstream capital is scarce. To date, NJCC has been awarded $14.8 million in CDFI grants, $50M in CDFI Bond Guarantees and $250 million […]
Trish Miller, CEO, The William Pleshette Company, Atlanta, Georgia
As a Black female business owner, the NMTC has been instrumental in us being able to move forward with our product research and development. It is with this support that we have gotten even closer to a prototype that is ready for production. We are so grateful.
John O’Callaghan, President & CEO, Atlanta Neighborhood Development Partnership
ANDP is a not-for-profit affordable housing development, policy, and community engagement organization serving the metro Atlanta region which has developed over 500 single-family homes for people of low and moderate incomes since 2008. NMTCs have been critical to ANDP’s increased single-family production, allowing for the development of 124 NMTC-funded single-family affordable homes since 2017. NMTCs […]
Laurel Robinson, President/CEO, Housing Center of the Palm Beaches, West Palm Beach, FL
[The NMTC provides our community with] an opportunity to bridge the funding gap that is universally present in projects that utilize some manner of public funding.
Paul Irons, Managing Member, New Orleans Restoration Properties
An opportunities to meet the needs of the community ie job productions and affordable housing by using the NMTC to make the project economically feasible.
Dyan Sublett, President, MLK Community Health Foundation, Los Angeles, CA
[The NMTC helped us] address health disparities and providing access to 1.3 million people in one of the most underserved communities in the nation.
W. Patrick Goggles, Executive Director, Northern Arapho, Ethete, Wyoming
[The NMTC improves] access to capital for the development of essential health, human and social service facilities in rural communities.
Charles Spies, Former Chief Executive Officer, CEI Capital Management LLC, Brunswick, Maine
[The NMTC is ] a tool to mitigate for declining economic activity, especially in rural areas. We use the NMTC program financing structures to: support the global competitiveness of long-standing core industries to; build economic diversification through investment in new and growing industries; support the foundational institutions in communities such as health care and educational […]